Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Manufacturing continues to rise


Manufacturing continues to rise


10 June 2014


The total manufacturing sales volume rose for the third consecutive quarter, Statistics New Zealand said today.

After adjusting for seasonal effects, the volume of total manufacturing sales rose 0.5 percent in the March 2014 quarter, led by rises in chemical and petroleum related industries.

"This quarter's rise occurred despite a relatively flat quarter for meat and dairy product manufacturing," business indicators manager Neil Kelly said.

Meat and dairy product manufacturing was up just 0.1 percent following a large rise in the December 2013 quarter.

"Rises in the chemical and petroleum industries more than offset falls in a number of the other industries," Mr Kelly said.

The sales volume for total manufacturing, excluding meat and dairy, was up 0.7 percent in the March 2014 quarter. While overall sales increased, sales for seven of the 12 manufacturing industries in this group fell.

The main industry movements were:
• chemical, polymer, and rubber product manufacturing, up 8.5 percent
• petroleum and coal product manufacturing, up 5.8 percent.

The trend for the total manufacturing sales volume, which gives a longer-term picture of movements, is rising – following a low point in the June 2013 quarter.

In current prices, the total manufacturing sales value rose 0.6 percent ($155 million).

For more information about these statistics:

• Visit Economic Survey of Manufacturing: March 2014 quarter
ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: RBNZ Keeps OCR At 3.5%, Signals Slower Pace Of Future Hikes

Reserve Bank governor Graeme Wheeler kept the official cash rate at 3.5 percent and signalled he won’t be as aggressive with future rate hikes as previously thought as inflation remains tamer than expected. The kiwi dollar fell to a seven-month low. More>>

ALSO:

Weather: Dry Spells Take Hold In South Island

Many areas in the South Island are tracking towards record dry spells as relatively warm, dry weather that began in mid-August continues... for some South Island places, the current period of fine weather is quite rare. More>>

ALSO:

Scoop Business: Productivity Commission To Look At Housing Land Supply

The Productivity Commission is to expand on its housing affordability report with an investigation into improving land supply and development capacity, particularly in areas with strong population growth. More>>

ALSO:

Forestry: Man Charged After 2013 Death

Levin Police have arrested and charged a man with manslaughter in relation to the death of Lincoln Kidd who was killed during a tree felling operation on 19 December 2013. More>>

ALSO:

Smells Like Justice: Dairy Company Fined Over Odour

Dairy company fined over odour Dairy supply company Open Country Dairy Limited has been convicted and fined more than $35,000 for discharging objectionable odour from its Waharoa factory at the time of last year’s ”spring flush” when milk supply was high. More>>

Scoop Business: Dairy Product Prices Decline To Lowest Since July 2012

Dairy product prices dropped to the lowest level since July 2012 in the latest GlobalDairyTrade auction, led by a slump in rennet casein and butter milk powder. More>>

ALSO:

SOE Results: TVNZ Lifts Annual Profit 25% On Flat Ad Revenue, Quits Igloo

Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand

Mosh Social Media
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news